Which of the statements are TRUE about globalisation?
(a) Globalisation is purely an economic phenomenon.
(b) Globalisation began in 1991.
(c) Globalisation is the same thing as westernisation.
(d) Globalisation is a multi-dimensional phenomenon.
(d) Globalisation is a multi-dimensional phenomenon.
Explanation – Globalisation is a multi-dimensional phenomenon as it is not necessarily economic or political, rather it has various other forms that make it multidimensional, for example- culture. Globalisation is a concept fundamentally dealing with flows. These flows could be of various kinds- ideas flowing from one part of the world to another, capital transferred between two or more places or commodities transported from one place to another.
Globalisation does not have a beginning point. In fact, it's being said that globalisation has always existed in this world’s history in one form or the other. The only difference is that globalisation in contemporary times is much more intense in scale than what existed in the past.
Moreover, globalisation is not the same thing as westernisation. Globalisation refers to flows from one to another part of the world while westernisation is the adoption of western culture. Westernisation is a one-way flow i.e. from west to east and not a two-way flow while flows of globalisation don’t have a particular direction.